March 26, 2018 / 9:27 AM / 6 months ago

BRIEF-Japara Healthcare Executes Contracts To Buy Riviera Health Residential Aged Care Portfolio

March 26 (Reuters) - Japara Healthcare Ltd:

* EXECUTED CONTRACTS TO BUY RIVIERA HEALTH RESIDENTIAL AGED CARE PORTFOLIO

* ‍NET CASH PURCHASE PRICE OF RIVIERA IS $39 MILLION​

* ‍ACQUISITION EXPECTED TO PROVIDE CO AN OPERATING EBITDA UPLIFT OF BETWEEN $3.5 MILLION AND $4.0 MILLION IN FISCAL 2019​ Source text for Eikon: Further company coverage:

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